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20121011
20121011
Search Results 0 to 7 of about 8 (some duplicates have been removed)
that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in
to the encouraging weekly jobs claim number but were tempered by a widening trade deficit and higher unemployment in greece. >>> and more worrisome news for the global economy. s&p 500 a downgrading spain's credit rating, it dropped two levels. s&p says the downgrade comes because the capacity for spain's political institutions to deal with the current economic sand finance am crisis is declining. >>> our report out today says tourist force the london olympic and paralympic games failed to give a boost. the number of visitors was lower between june and august compared to the previous year. it dropped about 7%. the tourists said the spending hovered around the same before at $9.7 billion. >>> a report says airlines are reduce the number of long tarmac waits that customers have to sit through. the report was released by the u.s. department of transportation. in august, airlines reported tarmac delays longer than three hours. they must be reported. luggage lost and discrimination complaints are as down -- are also down. >>> there are new clues in the case of a missing hayward girl, as we told you ea
're facing absolutely massive deficits. this administration has chosen to ignore it. the president has failed, put forth a plan to deal with those deficits and if everyone believes everything is coming up roses, perhaps the vice- president should join me as i travel around the country and speak to people. people in pennsylvania are not terribly thrilled with what happening in the economy. people in youngstown, ohio have stores that are boarded up because the economy is not doing well. it's not only the old industries that are not -- in san jose, calif., they are complaining because they cannot export their high-quality goods to japan and other countries. people in the northwest and in the state of oregon are complaining about what's happening to the timber industry and agriculture industry. things are not as great as the administration is wanting us to believe in their television commercials. my feeling quite frankly is i have enough experience to see the problems, address them, and make the tough decision that level of people with reference to this problem. >> despite the historic aspects of
not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no
campaign stop in new hampshire was talking about the threat of deficit spending. it's probably something you might hear tonight at the vice- presidential debate. here's a preview. [video clip] >> we cannot keep borrowing 36 cents of every dollar our government spends. we cannot keep the federal reserve doing what. we cannot keep looking our children in the eye, knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i will bring it to washington. we've got to stop spending money we don't have. we must cut spending. we must get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-pre
to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think there was a bump after the debate. i think it was mostly last weekend. as you know, these polls that you conducted don't measure the days since the debate, they measure what happened from before the debate to after. so i don't think there's big momentum. there's no doubt that governor romney collected a couple of points, mostly of republican leaning independents as a result of the last debate. what i think the vice president can do is really drive home the fact that one candidate, the president, has a vision that has squarely in it the interest of the middle class and the notion that you build the economy through the middle class and through a stron
would blow a hole in the deficit, cause much deeper cuts in medicare, medicaid and education and the environment and knock our economy off track raising interest rates, mortgage rates and car payment. >> well, deja vu when you listen to al gore now and joe biden and we'll watch to see if that plays out tonight. tonight, who do we have on stage? vice president joe biden and chairman paul ryan and they want to debate which ticket is best for the middle class and expect talk about their hometown routes. >> i proudly represent the state of delaware from years in the senate, but i come from a state, i come from pennsylvania -- i come from scranton and the same things in pennsylvania have basically happened here in ohio and, i tell you what, both, both are coming back. >> i live in janesville. i live about two hours northeast of here. it looks just like this town. actually, this looks, very much like some buildings we have in wisconsin. >> hear a lot of that tonight. joe biden and paul ryan on the campaign trail. go into the small, blue collar towns in iowa, ohio, in pennsylvania a
Search Results 0 to 7 of about 8 (some duplicates have been removed)